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Public Revenues

Austria: State Revenues Increased

In 2013 the Austrian budget deficit came at 1.5 percent of GDP wile public debts increased to 74.5 percent of GDP.

March 31, 2014

Slovenia: Controversial Property Tax Fails

The Slovenian Constitutional Court has rejected the controversial property tax suggested by the government. This will jeopardize this year’s budget.

March 28, 2014

Poland to Fulfill EU Commission’s Regulations

According to Polish Finance Minister Mateusz Szczurek, Poland will have no difficulties fullfilling the standards set by the European Commission with regard to the budget deficit.

March 27, 2014

Slovenia: Exuberant Public Spendings

Public finances in Slovenia have gone wild as only after two months almost half of the total deficit planned for 2014 was spent.

March 20, 2014

Poland: Budget Deficit 2013 Below Target

The Polish budget deficit for 2013 has reached almost 82 percent after it was amended in August.

March 20, 2014

Poland: “Time for Belt-Tightening”

Poland is required to cut the deficit in the public finance sector.

March 13, 2014

Austria: Government Agrees on Stimulus Package

Startled by construction company Alpine’s insolvency, the Austrian government has agreed on the fiercly discussed stimulus package. An amount of € 800m is required additionally.

June 25, 2013

Orange to Withdraw from Austria?

Insiders report that the third-largest telecommunication service supplier in Austria may leave. The merger with Hutchison is in a critical condition.

October 4, 2012

Austria: Tax Fraud on the Rise

VAT evasion will come at € 2.3bn year, experts say. This is an increase by 5%.

October 3, 2012

Asfinag Enhanced Profits

In spite of decreasing revenues, the Austrian highway funding company raised profits from € 339.3m to € 439.6m.

April 26, 2012

Tax Intake Higher Than Expected

In the first two months of 2012, the Austrian state received € 460m more tax proceeds than initially expected.

April 6, 2012

Public Deficit in 2011 Below Maastricht Criteria

The Austrian state recorded a budget deficit of 2.6%. Public debt rose to 72.2% of GDP in 2011.

March 29, 2012

Austerity Package Brings Burden of € 900m for Companies

The Austrian austerity package causes costs of € 900m for the Austrian real economy until 2016. Especially non-wage labor costs rise.

February 14, 2012

Austria’s Tax Revenues 7.6% Higher than in 2010

The state’s total revenue was up by 8.2%, while expenditures increased by only 1.08% in the period January to September.

November 11, 2011

Austria's Budget Deficit is at 4.1%

Although the budget deficit is lower than expected, but the official national debt could increase considerably due to the ÖBB.

February 1, 2011

Austria's Tax Revenues are Higher than Expected

As the economy developed relatively well this year relatively, tax revenues increased. The deficit for 2010 might therefore turn out to be lower than planned.

December 17, 2010

Bank Tax: Only 185 Million Remain for the Federation

In negotiations with the provinces, the federal government surprisingly yields to pressures: proceeds from the bank tax will be divided.

October 29, 2010

Tax on Securities’ Profits: Financial Industry in a Rage

The tax is targeted at the middle class, but it means especially an administrative burden and creates competitive disadvantages, according to the industry.

October 28, 2010

Bank Tax: 0.055% Instead of 0.04%

The new "stability tax" has been increased slightly. A tax on derivative transactions will also be applied. The tax will however not be temporary.

October 28, 2010

Bank Tax: Demands for Time Limit Becoming Louder

Financial politicians and banking representatives already argue before approval of the draft law, if the bank tax to be introduced in 2011 is going to have a time limit.

October 27, 2010

New Budget, New Taxes

The budget includes a new austerity package, which consists essentially of taxes on mineral oil, tobacco and banks.

October 25, 2010

Increase in Mineral Oil Tax likely

Economy Minister Mitterlehner speaks of a possible moderate increase.

October 21, 2010